Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: due date for vat payment :: list of goods taxed at 4% :: articles on VAT and GST in India :: cpt :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: form 3cd :: ACCOUNTING STANDARD :: empanelment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
« News Headlines »
 How to file income tax returns online without having Form 16 in 10 simple steps
 Deadline For Filing Income Tax Return (ITR) Is Just 11 Days Away: 10 Latest Details To Know
  10 incomes you need not pay any tax on
 How To File Income Tax Returns In Three Steps By March 31, 2018
 10 things about income tax every taxpayer should know
 What to do if your TDS is not deposited with the government
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol

Advance tax to boost collection figures
March, 19th 2007

The income tax department is expecting to overshoot its target of Rs 2,10,000 crore for direct taxes in 2006-07, based on the robust advance tax collections till March 15.

An income tax official said, Many companies have paid more than 50% of their advance tax in this quarter, which will increase direct tax collections tremendously. Initial trends suggest, we will continue without growth rate of about 35%.

Sources said advance tax collection trends from Mumbai, Chennai and Delhi had been very buoyant so far. The increased advance tax collection figures reflect the economys robustness and the high corporate earnings.

Initial data suggests that State Bank of India is likely to be one of the top taxpayers with its advance tax deposit of Rs 690 crore as compared to Rs 470 crore it paid as the last installment in 2005-06.

Till December 2006, tax authorities had received Rs 59,393 crore as advance tax with Oil and Natural Gas Corporation as the top advance taxpayer, which had paid Rs 5,192 crore.

Advance tax from companies has been poring in with March 15, being the deadline for the final installment of the tax. Advance tax is paid in three installments over the year. The first and second installments together comprise 60% of the total tax to be paid. The last dates for payment of these installments are September 15 and December 15. The balance 40% is paid as part of the third installment till March 15.

Collection of value added tax too has remained buoyant. Minsiter of state for finance SS Palanimanickam informed Parliament on Friday that VAT revenues till December stand at Rs 96,562.76 crore.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions